I filed C7 and hopefully will be discharged 5/10. I did not reaffirm mortgages, but am paying and will continue to pay.
Since my mortgage debt is discharged, will I still be able to show the interest expense as an itemized deduction on my tax return going forward? I think I have read that in order for mortgage interest to be deductible there must be a secured interest in the property, which I no longer have.
Will I have to reaffirm anyway if I want to have my mortgage interest tax deductible?
Since my mortgage debt is discharged, will I still be able to show the interest expense as an itemized deduction on my tax return going forward? I think I have read that in order for mortgage interest to be deductible there must be a secured interest in the property, which I no longer have.
Will I have to reaffirm anyway if I want to have my mortgage interest tax deductible?
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